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, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1% in september, which was better than expected. it follows an even bigger gain in august and its the best back- to-back showing since 2010. erika miller has a closer look at the data and what consumers were loading up on last month. >> reporter: it seems pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronics sales by 4.5% in september. that was the biggest incre
questions about security at the u.s. consulate in benghazi and whether the death of ambassador chris stevens and three others could have been prevented. >>> bullying backlash. a television anchor responds to a viewer who criticizes her for being overweight. >> attacks like this are not okay. >> this is the "cbs morning news" for wednesday, october 3, 2012. good morning. good to be with you. i'm terrell brown. round one tonight. this evening president obama and mitt romney face off in the first of three scheduled debates. the topic tonight in denver domestic affairs including the economy, health care reform and immigration and the clock is ticking. the election is less than five weeks away and the stakes are high. susan mcginnis is in washington. good morning to you? >> reporter: first debates get the most attention of all of them and the first 30 minutes are said to be the most important. president obama needs to hold on to the momentum he's built. mitt romney needs to turn the entire race around with tens of millions of people watching tonight. the stage is built. the cameras are in place.
story of the day. the benghazi situation. u.s. officials knew within hours of the consulate attack. dagen: fox news is following that story for us in washington. catherine, what is so significant about these e-mails? >> good morning. they appear to be the most significant we have seen your to date on the libyan scandal. it takes the real-time information on the attacks and those expected of being responsible. this brings the nation's most senior intelligence official and others directly into the loop. the fourth key player here is a cia player. one e-mail found that an islamist group was claiming responsibility for the attack. the reason "the group are claimed responsibility on facebook and twitter and has called for an attack on premises." it looks like terrorism right out of the gate. the initial assessment is all the more disarming to lawmakers. >> from day one is that we got pushed back both from the white house as well as the intelligent community early on. we could not figure it out. it was really strange. they never do that. >> about two days after the attack, they had a new
. >>> then in another exclusive, u.s. bankcorp ceo on his company's earnings. >>> and trouble ahead? s&p's chief economist tells us about three big risks looming on the economic horizon and why there's no room for error. find out what they are ahead on the "closing bell." for [ male announcer ] it's a license to drive. but to you, it's a leap of faith. it means letting go... and learning to trust. ♪ all across america, thousands of teens showed state farm what it means to them. ♪ at a national event that gives new drivers the knowledge they need to take the wheel. we call it celebrate my drive. you might call it peace of mind. learn more at celebratemydrive.com. sleep train's best rest event is ending soon. don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. but the best rest event ends soon at sleep train. superior service best selection, lowest price, guarantee
before we go into the fiscal cliff debate in the u.s. so the fed will be very concerned about that. and they are going to put out a very tough stress test on the banks. we'll see what happens but i think we'll probably-- could be yet again a little bit disappointed from what we hope for in terms of dividends and share repurchase out of the big banks. >> we have to leave it there. any disclosures on the stocks that you talked about? >> no, thanks. >> have a great weekend, fred canon of kbw. >> i'm diane eastabrook in chicago. still ahead, is the housing market ready to rally? i'll tell you what one expert thinks. >> susie: american consumers are feeling pretty good about the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than
of is romney presidential in a way that he could lead the u.s. on the world stage? we've seen an ad and a memo out today from the obama campaign trying to paint him as belacose, as not ready, and we expect president obama is going to be doing that tonight here in florida. >> one of the other big issues likely to come up tonight is iran. over the weekend i see your "times" article saying the u.s. and tehran had agreed to one-on-one talks about iran's nuclear program after the election. u.s. will deny that. a lot of people might say what's wrong -- regardless, can the president make the case that his strategy on iran is working or does this give mitt romney an opening? >> you know, the answer may be yes to both of those. obviously president obama would make his case that these are the toughest sanctions ever, and that they have been working. you just look at iran's economy. you look at the value of iran's currency, which has plummeted, and he can say the sanctions are working, but, obviously, governor romney can say they're not really shifting iran to changing its behavior. even if everyone expe
start" begins now. >>> it came out warning. riveting new details of the attack in libya that killed a u.s. ambassador, a different story than we were told. >>> a battle over big bird. shout out to both candidates on the campaign trail, now sesame street is saying stop! >>> racial balance under the microscope of the supreme court. justices argue today over affirmative action and college admissions. big "newsday" here. good morning, welcome to "early start. "i'm john berman. >> i'm zoraida sambolin. the state department is giving its most detailed account of the speed, severity and calculation behind last month's attack on the u.s. mission in benghazi in libya. the house oversight committee will weigh in on security failings during a hearing scheduled for later today. the state department saying the attack was not a spontaneous offshoot of protest and saying u.s. and security personnel in benghazi were outmanned and no reasonable security presentation could have fended off the assault. u.s. ambassador christopher stephens and three others were killed in the attack. arwa damon helps peace to
is consumption in the u.s., is not where it was. what's replaced that is government stimuli around the world that has been effective in the main. the first chinese one was very effective. the situation in china right now, i would say, in the industrial b to b world, they're at, in my view, somewhere in the 2% range of growth. not 6%, not 7%. that's an industrial engine. thousands and thousands of small mediums are having trouble. our supply chains are weak. and, of course, the slow motion train wreck that is europe and if i could be optimistic there, let's say they're on the rails again. they just need people to drive the train. maybe i can finish my run around the world with the one optimistic place that we should be thinking very positive about, which is the united states. we have a strong hand right now. our political process is not allowing us to play it. capital is a coward. businesses hate uncertainty. we have uncertainty even in this country on things that matter. not the least of which being our phenomenal energy position, which i can talk about more, if you wish. maybe the u.s. can
. >>> consumer spending making up 70% of the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100
replacement tires. and the u.s. -- the u.s. liz: if you need some foreign flavor when the bill back with a french accent but also pick with the u.s. company. she will be back. she is pretty sure these zero make you money. charlie gasparino reason regain him space is he is working the phones. he is coming onto the set right now what really happened. to not everybody else. liz: so i was telling everybody that citigroup the only ceo who ran away from me. so me and got scared and ran away. in 2007 neil cavuto did her hats a telling interview and asked him a very simple question. we just got the tape. listen. >> do you like chocolate or vanilla ice cream, which is your favorite? >> can you give me swirl? >> okay. liz: cannot even choose between chocolate and vanilla. i've got to make sure i can make everybody happy. >> they sent him out for training. to be able, whether you like him or not, part of the job of being a ceo is being pressed ready, being able to talk in front of crowds and being able to give interviews. he was just not that type of person. i think what it came down to no in
in the u.s. dagen: what about the u.s. in the coming weeks tom and where our national gasoline prices will go? $3.81 is the national average today i think. >> yeah, lower. it is going to move lower largely because the west coast surge is over. and also because these are still really excessive prices given the price of crude. we're talking about crude oil less than 90, maybe 110 or less for worldwide crude and gasoline still selling for 130, 140. so we'll drop. i think the biggest drops will come in november. but i think thanksgiving weekend, you will be worrying about your heating oil bill and not so much about your gas bill. dagen: i love you already, but i like you even more that you even know that. tom, thank you very much. >> okay. dagen: from the man who knows more about gas in this country. there you go. connell: the threat to national security is what we're going to talk about coming up, why some lawmakers are taking on this chinese tech giant. dagen: and an apple a day might keep you out of the doctor's office but will also leave your wallet a little lighter. we will explain.
americans. the bomber drove into a nato patrol. doug mcelway joins us live. it was a couple weeks ago the u.s. suspended patrols with afghan soldiers because of these insider attacks. have these joint patrols resumed now? >> reporter: they have. they resumed last thursday and the insider attacks have also resumed. not only the attack you just mentioned but also the suicide bomber attack, homicide bomber attack. the motorcycle laden with explosives drove into that marketplace. critics say this attacks reflect an obama foreign policy that refuses to acknowledge the reality on the ground. u.s. marines are tying tourniquets to their legs in hopes of surviving ied attacks before they go out on patrol. >> we are going to get after this. it reverit. it reverberates. we are willing to sacrifice a lot for this campaign but we are not willing to be murdered for it. >> reporter: the death toll reached 2,000 over the weekend. martha: what is the afghan point of view as far as we can glean about these insider attacks? >> reporter: critics say the obama administration has set a date for withdrawal extra. >
there is no particular u.s. nexus. the justice has sounded skeptical of broadening this law, the application of this loss in these kind of cases. connell: peter barnes, thank you very much. dagen: you want even more on the supreme court. we have judge andrew napolitano talking with us about protecting the information on your cell phone. connell: that is coming up a little bit later on in the hour. one of the big name banks got a big write up over the weekend. we will tell you more about that coming up next. we are all up today. here are some more winners on today's s&p 500. ♪ dagen: voters are stubborn. 85% of you say you have your candidate and are not changing your mind. what are president obama and romney doing to win over the other 15%? here's that bank that connell was talking about, goldman sachs getting a big write-up from barron's over the weekend. we will tell you why. and your pictures, your text messages even your whereabouts, is this private information fair game for the federal government? connell: breaking news that's just come in from federal reserve board announcing a 9 million dollars
industry is undergoing a major shakeout in consolidation and it may barely survive in the u.s., even with government help. it's been brutalized in recent years by falling prices oversupply and competition from china which continues to invest heavily on solar. >> the global solar market can't support 600, you know, solar module manufacturers today, and so what you are going to see is companies in europe and the the u.s. and china and other places who can't compete go out of business. peter: a green tech research firm gtm research sees another 180 solar panel companies alone going out of business or being acquired by 2015. 27 of them in the u.s. gtm says the shakeout could shut down all u.s. solar cell and manufacturing facilities by the end of next year. lori? >> wow, important energy story to stay on top of. peter barnes thank you very much. >> so president obama and governor romney will be duking it out over their foreign policy in tonight's debate and if you are wondering how it directly impacts you, ask yourself how much you paid the last time you filled up your tank. which candid
the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and john mccain slammed the administration's handling of the deadly attack. >> the response was slow, confused, inconsistent. they first said it was a youtube video and a spontaneous mob. we now know it was a planned terrorist attack if this was one tragic incident that would be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything is fine in the middle east. >> you think it's political? >> how else could you trot out our u.n. ambassador to say this was a spon ttaneous demonstrati? >> maybe they thought that at the time? >> on
, if you will, in iran, a couple of years ago, when there were protests. people were angry and the u.s. was on the sidelines, the president did not directly speak out and the explanation that the administration at the time gave was that the opposition didn't want this to appear to be the opposition to the ayatollahs, standing up in iran, with the backing of united states. that could have been counterproductive. as a result, the obama administration was pretty silent. at the time now where romney is going after him on that, i think there were a few areas where there were some significant differences, but on the whole, after you get through some of the angry rhetoric, there is a lot of agreement between obama and romney, one area of disagreement on arming the syrian rebels. another area of disagreement, how far will iran be able to go in its nuclear weapons capability, the capability of developing a bomb as opposed to actually having a bomb. and the third was on russia. he twice in a speech singled out vladimir putin as a basically a foe of the united states and he was doubling down on t
a comeback after the u.s. began sunday with a big lead. europe has won five of the last six matches. this was a heartbreak for anyone watching this. we'll talk more about that a little later this half hour. but first before we get to all of that, andrew has this morn g morning's other top stories. >> we have global data this morning and not all of it that great. eurozone manufacturing reporting its worsts quarterly performance since the depths of the great recession. factories were hit by falling nand. survey suggests that the downturn began in smaller periphery countries has now taken root in core members including germany and france. speaking of europe, an expert group will present its findings to the eu commission, that's coming tomorrow. the proposal could recommend european banks separate retail banking from their riskier investment arms. but eu regulators said to be unlikely to pursue such reforms at a time when they're trying to rebuild a banking union. and asia, a survey showing the economy has certainly suffered a seventh straight quarter of slowing growth. hsbc china manu
, we know he was referring to a lot of the protests around in the region, and even the killing of the u.s. ambassador in benghazi, libya, but when you listen to what he is saying here, how much of it do you think is about a failed strategy or what is simply out of the white house's controlt this point, what is going on in the middle east? >> well, a lot of it is clearly out of the white house's control what's happening in the middle east. it doesn't make any difference what the strategy would have been. there are internal developments in north africa and in the middle east that are happening right now, and irrespective of what the u.s. and others can do, those developments are going to go forward for good or for bad. >> his articulation for a continued internationalist role for the united states, because including some of the conservative movements, some republicans who want to have more of an isolationist, a retreat, if you will, from an international involvement, go back to the u.s. borders, stay away from so many issues around the world, cut back on u.s. foreign aid, for example. you h
. paul ryan accusing them of protecting u.s. personnel. >> what we should not be doing is rejecting claims for calls for more security in barracks and marines. we need marines in benghazi when the ambassador says we need them. the requests were not honored. >> biden called the deaths a tragedy. the obama administration did not know they had been asking for more security help. >> we weren't told they wanted more security. we did not know they wanted more security. by the way, at the time, we were told exactly, we said exactly what the intelligence community told us that they knew. that was the assessment. >> there was an assessment, but the state department did know from videos that requests had been made and were turned down. a state department official acknowledged testifying on capitol hill yesterday. there was a sharp disagreement over medicare. biden charged ryan's plan would raise out of pocket costs for seniors. >> use your common sense, who do you trust on this, a man who introduced a bill to raise it $6400 a year knowing it and passing it and romney saying he signed it or ma
. 500 chefs are asking the u.s. government to prevent unapproved fish from making it onto american plates. and the national average on a gallon of unleaded gasoline dipped 14 cents from last week. kevin craney of rjo futures joins us on this monday morning. good morning to you kevin. > > good morning. > > better-than-expected news about the economy came out in that gdp number on friday. will we see follow-through in the market today? > > i think you will see a little bit of follow-through. that number is really a feel- good number. 2% above expectations. but really i do think it's important to dig down into the details of that number - fixed investment and exports actually contracting. so, the question is how long can the consumer continue to spend and the government continue to spend and prop up the economy? so, i think that's something you have to watch. but yes, i do think we'll see a little follow-through today. > > how much of an effect do you think this storm that seems to be brewing out there, wicked whether this week, will affect the market? will it be rattled? > > the mode
. people in the u.s. are concerned that a bigger conflict could draw the u.s. into this. >> well, that's right. nobody wants to see this happen. but the concern is would the u.s. be drawn in. the u.s., of course, a part of nato. turkey is a part of nato. so if turkey says they're facing a threat from syria and they're urging the nato allies to help them in some sort of war from syria does that drag in the u.s. even though the u.s. doesn't want to be dragged in. we receive u.s. the past several months provide nonlethal assistance ta to the syrians when it comes to equipment and training but they don't want to further mill i tearize it. they don't want to see the bloodshed continue but they don't want to be involved in the conflict. >> very quickly, what about this new human rights story about syria using cluster bombs. any truth to that? >> it's a very disturbing report. they have evidence that syria, which is one of the few countries in the world that has not banned the use of cluster bombs and have been doing so more cently, especially in the past week. there are a lot of videos showi
, is there any way chrysler still in doubt with a lot of u.s. taxpayer dollars that fiat could dig into that pile of cash chrysler has ordered to pay off big debt because of what is happening in europe? >> yeah, they own chrysler so anything that affects fiat affects chrysler, but this all comes back to how this was structured in the beginning. bankruptcy experts were consulted instead of auto industry experts as the main goal was to protect the uaw and favorite groups. this wasn't done by what was best for the auto industry, it was done to protect cronies and taxpayer money was dished out and now we're in a situation it turns out things aren't as great as it would have appeared to be. they were also downgraded by moody's and general motors invested i think $400 million. there is no reason for that. taxpayer money can definitely go into the european companies. there is a lot of questions. david: there are certain firewalls to make sure that cash that can be identified as u.s. cash remains untouchable, however as we know when he is responsible and people can move it around in all kinds of ways. as
would legend with a wells or u.s. bank corps. >> sheila bair along with us, author of "bull by the horns." >> susie: as technology changes, so, too, does the workplace. still ahead, how freelancers and online assignmentsre changing the job market. >> tom: well, outside of that big citibank news, wall street got a series of strong earnings from bellwether companies like johnson and johnson, and positive news from homebuilders. the u.s. homebuilder's confidence index rose to its highest level since 2006, and that helped send wall street on its biggest rally in a month. the dow is up 126, the nasdaq gained 37, and the s&p is up 15. >> susie: shares of both intel and i.b.m. were lower in after- hours trading after their latest quarterly results. both companies are blwethers in the technology industry, and what they said late today could help set the stage others. ruben ramirez reports. >> reporter: while analysts saw storm clouds in i.b.m. and intel's results, both companies see their future in a different kind of cloud. intel makes the chips that power the cloud-computing servers that i.b.m
i was in the u.s. for it. it did come off as dour. this one was livelier. but i don't know whether there was necessarily -- the narrative is that president obama did better than last time around. whether it was as much of a game changer i think is still up for debate. in any case, president obama and mitt romney have one more debate next week. they may have left it all out on the mat last week. they were much more confrontation confrontational, repeatedly bouncing off their schotools an over the moderator. the president accused romney of selling a "sketchy deal" to fix the economy, while romney says the middle class has been crushed under obama. >> if the unemployment rate was 7.8% when he took office, it's 7.8% now. but if you calculated that unemployment rate, taking back the people who dropped out of the work force, it would be 10.7%. >> governor romney says he's got a five-point plan. governor romney doesn't have a five-point plan. he has a one-point plan. and that plan is to make sure that folks at the top play by a different set of rules. >> both men will be back on the campa
rothman. u.s. officials blaming iran for recent string of attacks on u.s. banks. a threat to our national security. melissa: election over three weeks away. is your portfolio ready? we have the dos and don'ts before everybody votes. you have to be ready. lori: i hate the idea, melissa like this, but the company provides mobile service for names like in red, high airways and virgin atlantic. could it be coming to u.s. carriers? the company's ceo joins us to convince me straight ahead. melissa: time for stocks, the floor of the new york stock exchange, nicole petallides standing by. up 86. nicole: we have been looking pretty good on the dow, nasdaq and s&p on this day. off three of the last four trading weeks. we had been up 100 points earlier today, but still a gain of well over half a percent for the dow and the s&p. some traders are taking a breather, not putting too much merit into today's pop. also, the nasdaq composite snapping six days of selling, we will see whether or not that holds going into the closing bell. retail sales numbers show continuing improvement for the month of septe
at the presidential debate? neil cavuto joins us live in minutes and later who will win? melissa: lori: the u.s. handing out financial assistance. a a shocking new report on the government's wasteful spending. melissa: those rub us a wrong way but it is time to check stocks. let's go to the stock exchange. nicole petallides standing by and marketing rally mode. city one of the big movers of the day. nicole: from earnings to the economy and vikram pandit, quick resignation, many say he was right out of citigroup by the board and chief operating officer went along with it. major market average, the dow is up 118 points, that is a gain of 0.9%. and the nasdaq is up 1% up 32 points. tech is doing well. we are seeing gains across the board and we continue to follow citigroup closely. we came in and we hear that vikram pandit is no longer a basile effective immediately. this socked wall street to hear he stepped down on his own and many speculate and sources -- the feeling was the board was pretty much done with vikram pandit. we have a long charge in 2007. and refers stocks. melissa: thanks so much.
to end that conversation about cheating but we have to move on, soledad. >>> deadly attack on the u.s. consulate in libya. what did the white house know and when? today, outraged lawmakers demand some aanswers. >>> back on the extreme court docket this morning, affirmative action. should race play a role in college admissions? >>> dash of controversy, actress stacey dash talks about her tweet that set off an internet firestorm. >>> new face on ttgma. good morning america. why the candidates' wives are becoming more important in their husband's campaigns. cnn "newsroom" begins right now. >>> good morning, everyone. thank you so much for joining us. i'm don lemon. carol is off today. high stakes and a high noon showdown on capitol hill as we look at live pictures of the capital. potentially heated hearing on the deadly attack of the u.s. consulate in libya. republic republican-led hearing is demanding to know how security failures led to the deaths of the u.s. ambassador there and three other americans. were warnings ignored for political reasons? did the white house have any motive in
's deadly assault on the u.s. consulate in benghazi. according to e-mails obtained by cnn, the white house and the state department were informed of a militant islamic group that had claimed credit for the attack. this was two hours after it began. and u.s. diplomats were informing officials in washington about the unfolding assault while it was happening. cnn has those e-mails, foreign affairs reporter elise labott will discuss what they say and the possible fallout joining us next half hour on "early start." >>> a former cia officer admits to a plea deal of one charge he illegally revealed the name of the covert intelligence officer. this man will serve a 30-month sentence. he also revealed the name of a different cia officer to reporters. sentencing will all happen in january. >>> the u.s. supreme court upholds a stay of excuse for a florida man convicted of killing eight people in two separate shootings. john arrow ferguson was scheduled to be put to death by lethal injection last night, but his lawyer successfully filed a flurry of last-minute appeals arguing that he is mentally insan
month we saw huge inflows into u.s. stock etfs. $18 billion versus $3 billion in august. in addition to which this entire rally since the end of june has been predicated on multiple expansion. that's positive sentiment. none of this has anything to do with economic growth. because the fact. matter is, it's just not there. profit growth isn't there, either. we're going to be down 2.6%. i think sentiment, actually, is way stronger than what the earnings would suggest it should be. >> scott, give us some takeaways of what people should do here as they look forward earning season. >> well, michele, i think, you know, we're in the second leg of this cyclical bull market. they need to be looking for opportunities to buy consumer discretionary stocks, technology stocks, even material stocks, which have gotten pounded here. i'm looking for continued expansion here in the states. continued expansion globally. people need to be positioned for that. we're going to see economic growth in the u.s., i think at least through 2014. i think the market is going to grind higher over the course of time.
and investors haven't taken into account the impact of currency on these quarters. the u.s. dollar has been stronger during this quarter and europe being weaker and with technology companies having a more global exposure that took a real chunk out of earnings more than people expected that is hitting margins in unexpected way when everybody was hoping things would just hold in there they're really disappointing in big way. you're seeing stocks fall enormous percentages quickly. melissa: do you think these earnings are telling us about something that already went by or are they looking into the future and sort of telling us there's a global slowdown coming? that is what really makes me nervous. >> yeah, if it was just one quarter you could say maybe this was a little bit of an aberration but we're really starting to see a trend of progressive quarters starting to get slower and slower. seeing that out of china, economic growth quarter after quarter, month after month has been on the decline and the pattern is not going in the right direction. it going from the top left to the lower right whe
mobile operator will buy up to 70% of the third largest u.s. carrier. about $20.1 billion and softbank will get access to a u.s. market that still shows growth compared to japan's market which is stagnating. meantime sprint will get the fire power to buy competitors and to build out its 4 g network. meanwhile a new poll finds economists forecast only tepid growth. unemployment seen back above 8% for the first half of 2013. good news comes in the quarterly survey by the national association for business economists and that is the housing market is recovering faster than expected those polls say the economy likely won't fall off the fiscal cliff. and nabe's vice president will join us along with steve liesman at 7:30 eastern. at 8:30, september retail sales and the october empire state survey. so we'll see how business conditions are around here. and then at 10:00, we have business inventories and earnings season is in full swing this week. profits of s&p 500 comes are seen dropping 3% this quarter year over year. that would be first decline that we've seen in three years. 6% of the s&p
policy, rather something decidedly american. the u.s. auto industry. >> if we had taken your advice, governor romney about, our auto industry, we would be buying cars from china instead of selling cars to china. i'm a son of detroit. i was born in detroit. my dad was head of a car company. i like american cars. i would do nothing to hurt the u.s. auto industry. the companies need to go through a management of bankruptcy. >> that's not what you said. >> take a look at -- >> governor romney, you did not say you would provide help. >> we would provide guarantees. and that was what was able to allow these companies to go through bankruptcy, to come out of bankruptcy. >> let's check the record. >> that is the height of silliness. >> reporter: now cnn's poll did show that overall the president won this debate, at least that's what the viewers voting thought. but if you look at what the goal of mitt romney was to be seen as commander in chief, he didn't do so bad. look quickly at the polls. can romney handle the job of commander in chief? yes, 60%. asked the same question about the preside
for your future. ♪ ♪ ♪ ♪ >>> we're "minding your business" this morning. u.s. stock futures are up after markets closed slightly lower yesterday. >>> lots of big corporate earnings today including apple. christine has a preview for us. >> we just heard out of the uk, it's out of recession, uk growth -- economic growth in the uk up 1%. that's good news. >> congratulations, britain. >> so many of these european countries and the uk have been in recession or negative growth. also a bank of america story where the government is suing bank of america. that's going to be an interesting case to watch. more on that next hour. but watching tech earnings in particular. sor raid daye da just mentioned apple. facebook had the best day yesterday that it's had since it went public. apple earnings come out after the closing bell. you know i love to show you the apple stock chart because it has been so good for many investors until recently. it's been faltering from that 700 level. apple has a lot to prove. it's up about 250%. so apple kind of has a lot to prove now under tim cook. we do know it's been
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